RATE Group | Coinbase and Ripple Push for Regulatory Framework, US Congress Stalls
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Coinbase and Ripple Push for Regulatory Framework, US Congress Stalls

07 Feb Coinbase and Ripple Push for Regulatory Framework, US Congress Stalls

Posted at 02:20h in Cryptocurrency News by

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A new working group, spearheaded by senior employees of Ripple and Coinbase, is going to advise United States regulators on crypto-friendly policies. But congresspeople are too busy preparing for the upcoming elections, which means that U.S. crypto firms will have to continue hula-hooping through state-by-state regulations in the near future. 

Earlier this month, a D.C.-based advocacy group called the Blockchain Association, representing a number of high-profile cryptocurrency firms, launched a working group tasked with pushing for a U.S.-wide regulatory framework. Called the Market Integrity Working Group, the new entity is co-chaired by Breanne Madigan, head of global institutional markets at Ripple; and Rachel Nelson, Coinbase’s senior director and associate general counsel. So what is it, exactly? 

Ex-Wall Street execs will advise lawmakers on crypto regulation

The Blockchain Association’s Market Integrity Working Group was launched on Jan. 23. Both of its co-chairs are Wall…

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